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Samsung chip workers will get an average $340k bonus as AI profits soar

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Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#31

Post by nielsbot »

anon291 wrote: post #19
Swizec wrote: post #12

Earlier quoted context omitted.

> Meanwhile tech workers in the US spend all day online defending billionaires Tech pulled a great trick here: equity. America as a whole pulled a similar trick: 401k It’s hard to fight the billionaires when all your money depends on not fighting them.

Well yeah America has achieved what the communists sought: public ownership of the means of production . Today most of the American public owns the largest means of production in government advantaged accounts. Marx ought to be proud

I want to smoke what you’re smoking!

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#32

Post by nielsbot »

anon291 wrote: post #18
bayarearefugee wrote: post #6

Meanwhile tech workers in the US spend all day online defending billionaires who wouldn't piss on them to put out a fire and arguing about why we can't have unions because blah blah blah rugged individualism.

I mean as someone who works in American AI chip firms , our compensation is larger. You can bitch about America as much as you want but it's pretty much the best in terms of monetary compensation Of course I'm late to the game. My colleagues who have been here ten years are either extremely wealthy and bored or sailing the Caribbean at this point. Every other week someone is taking a sabbatical

That’s nice for the handful of people in the right place at the right time, I guess…

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#33

Post by nielsbot »

yongjik wrote: post #23
bayarearefugee wrote: post #6

Meanwhile tech workers in the US spend all day online defending billionaires who wouldn't piss on them to put out a fire and arguing about why we can't have unions because blah blah blah rugged individualism.

I have a hard time understanding this complaint. A US tech worker earning $340k bonus wouldn't even make news, it happens every year all around the silicon valley. That is, a US tech worker is taking much more for their own from those billionaire employers, compared to what Samsung's workers managed to do after a lot of haggling.

We’d need to see the payout distribution to know for sure…

Just the average doesn’t say enough.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#34

Post by nomel »

nielsbot wrote: post #32
anon291 wrote: post #18

Earlier quoted context omitted.

I mean as someone who works in American AI chip firms , our compensation is larger. You can bitch about America as much as you want but it's pretty much the best in terms of monetary compensation Of course I'm late to the game. My colleagues who have been here ten years are either extremely wealthy and bored or sailing the Caribbean at this point. Every other week someone is taking a sabbatical

That’s nice for the handful of people in the right place at the right time, I guess…

Yes, just like the Samsung employees we're talking about.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#36

Post by skybrian »

nielsbot wrote: post #28
skybrian wrote: post #22

Earlier quoted context omitted.

It would be ungrateful to complain after earning enough in stock options and RSU's to retire early. (It sounds like the union got a great deal for these workers, though.)

are you saying workers should show gratitude to their employers?

Yes, if you're treated well. It was a fair deal. More than fair, generous. I can't point to anything I did that was worth so much.

You seem surprised? Do you know how things (sometimes) work in Silicon Valley?

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#37

Post by foxglacier »

plemer wrote: post #24
yogthos wrote: post #20

unions work

But who will protect the interests of capital??

I think you mean who will protect the interests of the consumer? That's ultimately who loses to unions. There's no direct ethical value in protecting businesses or their owners but workers and consumers include pretty much all humans and their interests are in tension with each other.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#38

Post by Adiqq »

OsrsNeedsf2P wrote: post #25

That's literally insane for Korean living standards. Those people can basically retire

Imagine the world, where instead of making billionaires and trillionaires, we would actually share with society. Providing affordable products/services to common people. Decommodification of life.

There's no money for public investments, but there is always money for wars. There's no money for raises and bonuses for workers, until workers show there's no company without them.

So, if there's no money for public investments, it's time to show there's no public for their wars and exploitation.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#39

Post by foxglacier »

yogthos wrote: post #21
anon291 wrote: post #19

Earlier quoted context omitted.

Well yeah America has achieved what the communists sought: public ownership of the means of production . Today most of the American public owns the largest means of production in government advantaged accounts. Marx ought to be proud

https://finance.yahoo.com/news/wealthiest-10-americans-own-9...

So basically most older professionals, and today's young professionals will step into their shoes as they grow their wealth over time too. Which means probably far more than 10% of the population will at some point in their life belong to that group which owns 90% of the means of production.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#40

Post by sanxiyn »

foxglacier wrote: post #37
plemer wrote: post #24

Earlier quoted context omitted.

But who will protect the interests of capital??

I think you mean who will protect the interests of the consumer? That's ultimately who loses to unions. There's no direct ethical value in protecting businesses or their owners but workers and consumers include pretty much all humans and their interests are in tension with each other.

Consumers have a choice of not buying, so generally they do not lose to unions.
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